Advertisement
The Market Ear says the latter.
Real economic headwind
Goldman sees tariffs as a real economic headwind—not just a headline risk. Higher prices may drag on real incomes, stalling consumption and growth. Add slowing hiring and trade data, and the stage is set for policy shifts and weaker GDP. But there is always a silver lining…
Tariffs boost inflation
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.